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Example of Big Box Store - Major Commercial Property Upgrade - Tax Increases Insufficient

November 2nd, 2008 · No Comments

The developer of a big box shopping center proposed for north Redding could wind up fronting at least $50 million to make a nearby freeway interchange large enough to get customers in and out.
And a city report warns that this developer should not count on sales tax revenue wrung from shopping center cash registers to [...]

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Tampa Bay Area - Local Projects Increase Mill Taxation Rates Greatly

November 2nd, 2008 · No Comments

residents of several West Shore neighborhoods will be taxed about $8,000 to dredge the silted canals in their backyards.
In the 6-1 vote, the council also agreed to remove two Davis Islands canals from the proposed project.
Councilwoman Mary Mulhern dissented, saying too many questions remain.
None of the six council members who agreed to notify the county [...]

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Tax Perils - Implications of Mortgage Trust Funds Fundings

November 2nd, 2008 · No Comments

When we invest in junior mortgage loans, junior participation in existing loans or mezzanine loans, the collateral securing our loan is subordinate to the liens of senior mortgages or senior participation. At September 30, 2007, approximately 6% of our real estate mortgages, or $14 million in principal amount, were represented by [...]

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Property Taxes Commercial Property Owners

November 2nd, 2008 · No Comments

The risk of Australian property trusts defaulting on their debt rose to a record after Centro Properties Group, the owner of 700 U.S. shopping malls, said it has difficulty refinancing debt.
Credit-default swaps on Westfield Trust reached 108 basis points at 4:28 p.m. in Sydney, according to BNP Paribas SA. Contracts on Sydney-based Lend Lease Corp., [...]

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Example of Unfair Real Estate Property Taxation

October 15th, 2008 · No Comments

La Porte County Assessor Carol McDaniel criticized an $100 admission charge for a Saturday forum on property taxes by Michigan Township Citizens for Fair Taxes.
In a press release, she said Long Beach property owner William Wendt and others in the “tax protest group” are concerned about other wealthy beachfront property owners. McDaniel criticized the [...]

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Realty Taxes

October 15th, 2008 · No Comments

An oft-repeated, dubious claim holds that while a frog thrown into an already-boiling pot will realize his predicament and attempt to save himself injury, one placed in an initially cool pot will allow himself to be slowly cooked.
Of course, if this was really a truism about frog behavior, few of us would have any real [...]

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Make sure foreclosure consultant has license

October 8th, 2008 · No Comments

Former Maryland Governor Robert Ehrlich signed the Maryland Protection of Homeowners in Foreclosure Act in 2006 specifically to protect homeowners facing foreclosure. This law was passed after a mother of four and wife of a state trooper, who was killed on duty, faced foreclosure. An investor told her that he would help her save her [...]

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Salford officials approve tax exemption

October 8th, 2008 · No Comments

The property tax incentives are just part of a package that was designed through cooperation from the state Department of Community and Economic Development, Montgomery County Commissioners and Lower Salford officials to entice Northern Ireland-based Almac Group, a pharmaceutical support company, to construct its 240,000-square-foot headquarters in the township’s Light Industrial district at Fretz and [...]

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Council to Wrestle With Senior Tax Freeze Issue

October 8th, 2008 · No Comments

Council to Wrestle With Senior Tax Freeze Issue

The Memphis City Council at today’s meeting will revisit the issue of establishing a property tax freeze for senior citizens. The meeting is at 3:30 p.m. at 125 N. Main St.
The proposed ordinance is up for second reading [...]

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What is a Mill Rate in Regards to Real Estate Tax Calculations

October 8th, 2008 · No Comments

What is a mill rate ?
One mill is equal to $1 of tax for every $1,000 of assessed property value. To calculate your tax, multiply the millage figure by your assessed property value. Don’t forget to add three decimal places to the millage figure to get the accurate tax. For example, 6 mills on a [...]

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